Renovated Duplex with Two
For Sale
$239,700
4966 W THOMPSON STREET, Philadelphia, PA 19131
Fully renovated duplex featuring two separate units with laminated flooring and granite countertops.
Property Size1,176 SF
Price / SF$203.83
Days on Market50
Property Features for 4966 W THOMPSON STREET
General Information
Standard status
Active
Size
1,176 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Rehobot Real Estate, LLC
Listed By:
Sergio Giraldo · License #RM424311
(215) 716-7173
Source:
Cummingsrealtors
Added: Jul 21
Changed: Sep 8
Last Checked: Aug 10 at 10:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rehobot Real Estate, LLC
Investment Insights
Based on property information with market context.
Located at 4966 West Thompson Street, this renovated duplex offers two distinct residential units. Unit 1 features one bedroom and one full bathroom, with a living/dining area and laminated flooring. The unit also includes a kitchen with granite countertops.
Unit 2 includes two bedrooms and one full bathroom, also with laminated flooring throughout and a kitchen with granite countertops. The layout supports comfortable, functional day-to-day living in each unit.
The property is owner-occupied and easy to show. It is offered for sale as an income-producing duplex, with the option to live in one unit and rent the other.
Unit 2 includes two bedrooms and one full bathroom, also with laminated flooring throughout and a kitchen with granite countertops. The layout supports comfortable, functional day-to-day living in each unit.
The property is owner-occupied and easy to show. It is offered for sale as an income-producing duplex, with the option to live in one unit and rent the other.
Key Highlights
- Fully renovated duplex built in 1925 with two separate units
- Unit 1: 1 bedroom and 1 full bathroom with laminated flooring and a living/dining area
- Unit 1 kitchen features granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,068
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$401,360
$401.4K
Cap Rate 7%
$286,686
$286.7K
Cap Rate 9%
$222,978
$223.0K
Market Conditions
NOI Build-Up for 1,176 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.3K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$28.7K $24.38/SF
− OpEx
−$8.6K −$7.31/SF
NOI
$20.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$401,360
Cap Rate 7%
$286,686
Cap Rate 9%
$222,978
Alternative Uses
Best Use
Multifamily LT 5
$286.7K
$250.9K – $334.5K
NOI $20,068 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$264.3K
$231.2K – $308.3K
NOI $18,498 @ 7.0% cap · market cap 7.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex featuring two separate units with laminated flooring and granite countertops.
Where is this duplex located?
The property is located at 4966 W THOMPSON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $239,700.
What are key features of this property?
This property features: Fully renovated duplex built in 1925 with two separate units; Unit 1: 1 bedroom and 1 full bathroom with laminated flooring and a living/dining area; Unit 1 kitchen features granite countertops
